Category: Layoffs and Job Reductions

Zoom to Lay Off 1,300 Workers, Joining Other Tech Giants

The New York Times – Business:
The company is cutting 15 percent of its work force, or about 1,300 jobs, citing “the uncertainty of the global economy.”
Staring Down Bankruptcy, Bed Bath & Beyond Says It Will Sell Stock

The New York Times – Business:
The struggling home goods retailer said it hoped the move would help it raise more than $1 billion and pay off its debts.
Vox Media Is Raising $100 Million From Penske Media

The New York Times – Business:
The deal is the latest in a series of acquisitions and investments made by Penske Media, the owner of a swath of entertainment and trade publications including Rolling Stone and Variety.
Vox Media Is Raising $100 Million From Penske Media

The New York Times – Business:
The deal is the latest in a series of acquisitions and investments made by Penske Media, the owner of a swath of entertainment and trade publications including Rolling Stone and Variety.
Do You Work in the Auto Industry? We Want to Hear From You.

The New York Times – Business:
Sales of electric vehicles are growing fast, and automakers are investing billions of dollars in new technology and factories. We want to know how jobs are changing.
Meta Soars by Most in Decade, Adding $100 Billion in Value

The New York Times – Business:
Mark Zuckerberg’s company recorded its biggest daily market gain in nearly a decade, as the mood brightens among tech investors.
Meta Soars by Most in Decade, Adding $100 Billion in Value

The New York Times – Business:
Mark Zuckerberg’s company recorded its biggest daily market gain in nearly a decade, as the mood brightens among tech investors.
Gawker, the Irreverent Gossip Site, Will Be Shuttered Again

The New York Times – Business:
Bustle Digital Group, which publishes Gawker, said it would shut down the recently revived site after “a surprisingly difficult” start to the year.
U.S. Survey Shows an Uptick in Job Openings, and Not in Layoffs

The New York Times – Business:
The Labor Department found a rise in the number of posted jobs per worker in December, despite the Fed’s efforts to cool the labor market.
Dotdash Meredith, Publisher of People and InStyle, Cuts 7% of Staff

The New York Times – Business:
The layoffs will affect 274 people, the company said.
With Layoffs, Retailers Aim to Be Safe Rather Than Sorry (Again)

The New York Times – Business:
Companies that ramped up hiring in areas like technology over the past few years are cutting back as customers slow their spending.
IBM Announces 3,900 Job Cuts

The New York Times – Business:
The company said the layoffs were a final step after asset sales rather than a sign of weakness in its business.